U.S. Housing Starts Continue Upward Trek
U.S. housing starts in October increased 2% from September to a seasonally adjusted rate of 1.372 million, according to the U.S. Census Bureau and U.S. Dept. of Housing and Urban Development monthly new residential construction report. Single-family starts were at a rate of 970,000, about even with September, while multi-family starts were 382,000, an increase of 5%.
Building permits were 1.487 million, up a percent over September, with single-family at 968,000, a half percent increase, and multi-family was 469,000, an increase of 2.2%.
Housing completions were at an annual rate of 1.410 million, down 4.6% from September, with single-family at 993,000, a percent below September, and multi-family at 408,000, a decrease of 12.6%.
RELATED ARTICLES
U.S. Housing Starts Show Significant Jump In September
U.S. Housing Starts Fall While Building Permits Rise
Single-Family Starts Lead U.S. Housing Rebound In July
Housing Starts Decline, But Still Steady
Housing Starts Come On Like Gangbusters
Housing Starts Increase In April
Single-Family Housing Starts Show Strength
U.S. Housing Starts Rebound In February
U.S. Housing Starts Were Soft In January
U.S. Housing Starts Dipped Slightly In 2022
Latest News
Number Can Lie, If You Let Them
Article by Rich Donnell, Editor-In-Chief We give over many pages in this issue to coverage of the Timber Processing & Energy Expo that was held in Portland, Ore. September 28-30. Why wouldn’t we? It’s our show. Yes, every two years we at Hatton-Brown Publishers,...
Norway Spruce, Abundant In Maine, Approved For Construction
It's being called a once-in-a-lifetime occasion for the lumber and building industries: Following extensive testing at the University of Maine, Norway spruce has been approved for use as a construction-grade material in the U.S. In the 1930's, Civilian Conservation...
Canada, EU Sign Historic Trade Agreement During Summit
Canadian Prime Minister Justin Trudeau, together with Donald Tusk, President of the European Council, and Jean-Claude Juncker, President of the European Commission, signed the Comprehensive Economic and Trade Agreement (CETA) during Sunday’s European Union-Canada...
Possible U.S. Trim Of Lumber Imports Fought By Canada
The Canadian government is warning U.S. politicians about the consequences of a possible new softwood lumber dispute. A letter from International Trade Minister Chrystia Freeland and David MacNaughton, the Canadian ambassador to Washington, went out today to two-dozen...
Understanding The Market Impact Of Duties On Canadian-U.S. Lumber Exports
With the expiry of the U.S.-Canada Softwood Lumber Agreement, the outcome of what is next features two main potential options. The impact of probable duties on Canadian lumber exports to the U.S. is one option and this will be a game-changer for different producing...
Canadian Timber Firms Brace For U.S. Softwood Lumber Duties
Hefty U.S. duties could be slapped on Canadian timber exports to the United States by early 2017 after a one-year standstill period expired on Wednesday in the long-running softwood lumber dispute between Canada and its biggest trading partner. This week marked 12...
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.